Millennials Will Pay Taxes on the ‘Great Wealth Transfer’—and the Cut Is Staggering. Here’s How Much They Owe

Baby boomers are worth $93 trillion, and they’re ready to pass down inheritances. But where will that money go?

It’s been called the greatest transfer of wealth in history: Baby boomers, now ages 62 to 80 (born between January 1, 1946 and December 31, 1964), are estimated to hold at least $93 trillion in assets and are sitting on more money than Gen X and millennials combined.

Said another way, the entire GDP of the United States was........

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